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FX.co ★ NZDUSD M5: Bearish Symmetrical Triangle

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Technical Analysis Patterns

2024-12-02T04:48:00
Signal strength 1 of 5

NZDUSD M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.5885 is likely to encourage a continuation of the downward trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by NZDUSD